Measured Wealth Private Client Group LLC Increases Holdings in Caterpillar Inc. (NYSE:CAT)

Measured Wealth Private Client Group LLC grew its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 3.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,162 shares of the industrial products company’s stock after buying an additional 42 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Caterpillar were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. TCG Advisory Services LLC lifted its holdings in Caterpillar by 70.9% during the 4th quarter. TCG Advisory Services LLC now owns 2,448 shares of the industrial products company’s stock worth $724,000 after buying an additional 1,016 shares during the last quarter. Forte Capital LLC ADV raised its stake in shares of Caterpillar by 19.7% during the fourth quarter. Forte Capital LLC ADV now owns 1,680 shares of the industrial products company’s stock worth $497,000 after purchasing an additional 276 shares during the last quarter. AJOVista LLC purchased a new position in Caterpillar in the 4th quarter valued at $190,000. Provence Wealth Management Group grew its position in Caterpillar by 17.5% in the 4th quarter. Provence Wealth Management Group now owns 2,276 shares of the industrial products company’s stock valued at $673,000 after buying an additional 339 shares during the last quarter. Finally, Legacy Financial Advisors Inc. grew its position in Caterpillar by 8.4% in the 4th quarter. Legacy Financial Advisors Inc. now owns 1,853 shares of the industrial products company’s stock valued at $548,000 after buying an additional 144 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Caterpillar

In other news, Director David Maclennan bought 350 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average price of $323.37 per share, with a total value of $113,179.50. Following the purchase, the director now owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David Maclennan acquired 350 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were bought at an average cost of $323.37 per share, with a total value of $113,179.50. Following the purchase, the director now owns 5,238 shares in the company, valued at $1,693,812.06. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar Price Performance

Shares of Caterpillar stock traded up $1.31 on Friday, hitting $336.75. The company’s stock had a trading volume of 1,977,087 shares, compared to its average volume of 2,750,444. Caterpillar Inc. has a 52-week low of $205.60 and a 52-week high of $382.01. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 1.41. The firm has a fifty day moving average price of $351.89 and a 200-day moving average price of $303.11. The company has a market capitalization of $164.69 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 1.43 and a beta of 1.19.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, topping the consensus estimate of $5.12 by $0.48. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. The business had revenue of $15.80 billion for the quarter, compared to analyst estimates of $16.07 billion. On average, equities research analysts expect that Caterpillar Inc. will post 21.79 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.54%. The ex-dividend date is Friday, April 19th. Caterpillar’s payout ratio is 23.48%.

Analyst Ratings Changes

A number of research firms recently weighed in on CAT. Truist Financial began coverage on shares of Caterpillar in a research report on Thursday, March 14th. They issued a “buy” rating and a $390.00 price objective on the stock. Robert W. Baird lifted their price objective on shares of Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research report on Tuesday, February 6th. Wells Fargo & Company lifted their price objective on shares of Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Evercore ISI lowered shares of Caterpillar from an “outperform” rating to an “in-line” rating and lifted their price objective for the company from $321.00 to $338.00 in a research report on Tuesday, February 20th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Caterpillar in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $323.35.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.